The Small-scale Renewable Energy Scheme (SRES) is a federal government program that provides financial incentives for the installation of small-scale renewable energy systems, including Solar panels. Under this scheme, households and businesses can receive Small-scale Technology Certificates (STCs) for every megawatt-hour of electricity that their Solar system generates. These STCs can then be traded and sold to electricity retailers, who are required by law to purchase a certain number of certificates each year. The value of STCs varies depending on factors such as the location, size, and efficiency of the Solar system.
The Solar Homes and Communities Plan is a state government program that offers rebates and incentives specifically for homeowners and communities in certain states and territories across Australia. These rebates can vary depending on the state or territory, but commonly include subsidies for the installation of Solar panels, Solar hot water systems, and battery storage systems. The amounts and eligibility criteria for these rebates can differ between states and territories.
In addition to these two main rebates, there may be other incentives and rebates available at the state or local government level, as well as from electricity retailers and other organizations. It is important to research and understand the specific rebates and incentives available in your area and to check the eligibility requirements and application procedures before installing a Solar system.
